|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prices as of 7:07 AM CST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Price
|
Previous Settle
|
% Change
|
Change
|
Volume
|
|
|
|
Natural Gas
|
$4.097
|
$4.258
|
-3.78%
|
-$0.161
|
38,937
|
|
|
|
WTI
|
$78.57
|
$78.68
|
-0.14%
|
-$0.11
|
8,601
|
|
|
|
Brent
|
$81.05
|
$81.29
|
-0.30%
|
-$0.24
|
12,868
|
|
|
|
ULSD
|
$2.594
|
$2.617
|
-0.90%
|
-$0.024
|
5,422
|
|
|
|
RBOB
|
$2.119
|
$2.123
|
-0.19%
|
-$0.004
|
2,837
|
|
|
|
|
|
|
|
|
|
|
|
|
Spreads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
Previous
|
% Change
|
Change
|
Contract
|
|
|
|
WTI-Brent
|
$3.36
|
$3.44
|
-2.33%
|
-$0.08
|
Mar-25
|
|
|
|
3:2:1 Crack
|
$18.14
|
$18.35
|
-1.15%
|
-$0.21
|
Feb-25
|
|
|
|
PJM West Spark
|
$50.14
|
$45.86
|
9.34%
|
$4.28
|
Feb-25
|
|
|
|
|
|
|
|
|
|
|
|
|
Baker Hughes Rig Count
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
Count
|
Change
|
1 Year Chg.
|
1 Year Date
|
|
|
|
U.S.
|
01/10/25
|
584
|
-5
|
-35
|
01/13/24
|
|
|
|
Canada
|
01/10/25
|
216
|
122
|
3
|
01/13/24
|
|
|
|
International
|
Dec
|
909
|
-10
|
-46
|
Dec
|
|
|
|
|
|
|
|
|
|
|
|
|
CFTC Net Positions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 12/31/2024
|
Open Interest
|
Total Net Long
|
Total Net Short
|
Diff
|
|
|
|
PJM West On Peak
|
93,613
|
93,232
|
93,165
|
67
|
|
|
|
PJM West Off Peak
|
86,326
|
86,240
|
85,376
|
864
|
|
|
|
Natural Gas Henry Hub
|
328,269
|
315,458
|
315,858
|
-400
|
|
|
|
WTI – Light Sweet Crude Futures
|
167,767
|
144,842
|
138,100
|
6,742
|
|
|
|
Brent Crude Last Day
|
146,415
|
140,002
|
139,580
|
422
|
|
|
|
NYM Ethanol
|
35,915
|
34,905
|
35,470
|
-565
|
|
|
|
Mt Belvieu LDH Propane Swap
|
143,497
|
142,714
|
143,191
|
-477
|
|
|
|
RBOB
|
373,671
|
352,464
|
354,093
|
-1,629
|
|
|
|
HSC Basis
|
886,519
|
876,796
|
874,644
|
2,152
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Brent
|
$82.00
|
$81.00
|
$74.00
|
$66.00
|
|
|
|
Gasoline
|
$3.50
|
$3.30
|
$3.20
|
$3.00
|
|
|
|
Crude Oil Production
|
$12.90
|
$13.20
|
$13.50
|
$13.60
|
|
|
|
Natural Gas Spot
|
$2.50
|
$2.20
|
$3.10
|
$4.00
|
|
|
|
LNG Exports
|
12.00
|
12.00
|
14.00
|
16.00
|
|
|
|
|
|
|
|
|
|
|
|
|
Electrical Generation %
|
2023
|
2024
|
2025 Projected
|
2026 Projected
|
|
|
|
Natural gas
|
42.00%
|
43.00%
|
41.00%
|
40.00%
|
|
|
|
Coal
|
17.00%
|
16.00%
|
15.00%
|
15.00%
|
|
|
|
Renewables
|
22.00%
|
23.00%
|
25.00%
|
27.00%
|
|
|
|
Nuclear
|
19.00%
|
19.00%
|
19.00%
|
19.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Energy Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EIA Lower 48 Natural Gas Storage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/10/20
|
|
|
|
|
|
1/10/25
|
1/3/25
|
Net Change
|
% Change
|
1/12/24
|
% Change
|
5 Year Avg.
|
% Change
|
|
|
|
East
|
669
|
737
|
-68
|
-9.23%
|
715
|
-6.43%
|
688
|
-2.79%
|
|
|
|
Midwest
|
808
|
881
|
-73
|
-8.29%
|
873
|
-7.45%
|
821
|
-1.63%
|
|
|
|
Mountain
|
240
|
255
|
-15
|
-5.88%
|
208
|
15.38%
|
169
|
42.35%
|
|
|
|
Pacific
|
283
|
293
|
-10
|
-3.41%
|
257
|
10.12%
|
225
|
25.78%
|
|
|
|
South
|
1,114
|
1,207
|
-93
|
-7.71%
|
1,128
|
-1.24%
|
1,069
|
4.25%
|
|
|
|
Salt
|
326
|
364
|
-38
|
-10.44%
|
332
|
-1.81%
|
313
|
4.29%
|
|
|
|
Non_Salt
|
788
|
844
|
-56
|
-6.64%
|
796
|
-1.01%
|
756
|
4.23%
|
|
|
|
Total
|
3,115
|
3,373
|
-258
|
-7.65%
|
3,182
|
-2.11%
|
2,972
|
4.81%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Power Generation Additions/Retirements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Front Month Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electricity
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
PJM West On Peak
|
Feb-25
|
$58.85
|
$54.97
|
7.05%
|
$3.88
|
$55.37
|
6.28%
|
$59.78
|
-1.56%
|
|
|
|
ERCOT North On Peak
|
Feb-25
|
$61.55
|
$61.43
|
0.20%
|
$0.12
|
$59.52
|
3.42%
|
$84.12
|
-26.83%
|
|
|
|
CAISO SP 15 On Peak
|
Feb-25
|
$39.25
|
$38.57
|
1.75%
|
$0.68
|
$35.71
|
9.92%
|
$67.53
|
-41.87%
|
|
|
|
MISO Indiana On Peak
|
Feb-25
|
$53.22
|
$50.52
|
5.35%
|
$2.70
|
$47.34
|
12.43%
|
$53.70
|
-0.89%
|
|
|
|
NEISO Mass On Peak
|
Feb-25
|
$122.27
|
$107.71
|
13.52%
|
$14.56
|
$102.43
|
19.37%
|
$106.15
|
15.19%
|
|
|
|
WECC Mid C On Peak
|
Feb-25
|
$70.00
|
$73.00
|
-4.11%
|
-$3.00
|
$58.13
|
20.42%
|
$114.01
|
-38.60%
|
|
|
|
NYISO Zone G On Peak
|
Feb-25
|
$103.97
|
$90.83
|
14.46%
|
$13.14
|
$80.76
|
28.74%
|
$89.13
|
16.65%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas & Basis
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
NYMEX Henry Hub
|
Feb-25
|
$4.258
|
$4.083
|
4.29%
|
$0.17
|
$3.08
|
38.25%
|
$3.86
|
10.31%
|
|
|
|
Houston Ship Channel
|
Feb-25
|
$0.091
|
$0.099
|
-8.27%
|
-$0.01
|
-$0.01
|
-1111.11%
|
$0.18
|
-49.83%
|
|
|
|
Chicago
|
Feb-25
|
$0.934
|
$0.927
|
-0.75%
|
$0.01
|
$0.61
|
52.22%
|
$0.88
|
6.50%
|
|
|
|
Waha
|
Feb-25
|
-$0.707
|
-$0.641
|
-10.44%
|
-$0.07
|
-$0.47
|
51.41%
|
-$0.06
|
1003.59%
|
|
|
|
Algonquin
|
Feb-25
|
$8.686
|
$8.512
|
2.05%
|
$0.17
|
$7.66
|
13.39%
|
$7.91
|
9.83%
|
|
|
|
Aeco
|
Feb-25
|
-$2.755
|
-$2.498
|
10.26%
|
-$0.26
|
-$1.68
|
63.70%
|
-$1.17
|
135.38%
|
|
|
|
Socal
|
Feb-25
|
$0.811
|
$0.709
|
14.43%
|
$0.10
|
$0.73
|
10.36%
|
$2.43
|
-66.69%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural Gas Liquids
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
Mt. Belvieu Propane LST
|
Feb-25
|
$0.956
|
$0.955
|
0.07%
|
$0.00
|
$0.78
|
22.77%
|
$0.78
|
22.83%
|
|
|
|
Mt. Belvieu Propane non LST
|
Feb-25
|
$0.960
|
$0.957
|
0.34%
|
$0.00
|
$0.78
|
22.89%
|
$0.80
|
20.64%
|
|
|
|
Mt. Belview Ethane
|
Feb-25
|
$0.280
|
$0.273
|
2.74%
|
$0.01
|
$0.22
|
25.86%
|
$0.25
|
11.36%
|
|
|
|
Mt. Belview Nat. Gasoline
|
Feb-25
|
$1.588
|
$1.611
|
-1.43%
|
-$0.02
|
$1.46
|
8.90%
|
$1.39
|
14.16%
|
|
|
|
Mt. Belvieu Butane LST
|
Feb-25
|
$1.112
|
$1.164
|
-4.52%
|
-$0.05
|
$1.04
|
7.05%
|
$0.94
|
18.59%
|
|
|
|
Far East Propane
|
Feb-25
|
$6.346
|
$6.399
|
-0.83%
|
-$0.05
|
$6.02
|
5.35%
|
$5.73
|
10.73%
|
|
|
|
Saudi Propane
|
Feb-25
|
$6.350
|
$6.360
|
-0.16%
|
-$0.01
|
$6.13
|
3.67%
|
$5.35
|
18.64%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
WTI
|
Mar-25
|
$77.85
|
$78.71
|
-1.10%
|
-$0.86
|
$69.26
|
12.40%
|
$70.33
|
10.69%
|
|
|
|
Brent
|
Mar-25
|
$81.29
|
$82.03
|
-0.91%
|
-$0.74
|
$72.85
|
11.59%
|
$75.20
|
8.10%
|
|
|
|
WCS
|
Mar-25
|
-$15.05
|
-$14.50
|
3.65%
|
-$0.55
|
-$15.00
|
0.33%
|
-$15.44
|
-2.49%
|
|
|
|
LLS
|
Mar-25
|
$78.93
|
$77.09
|
2.33%
|
$1.84
|
$72.09
|
9.49%
|
$72.39
|
9.03%
|
|
|
|
Mars
|
Mar-25
|
$77.23
|
$75.39
|
2.39%
|
$1.84
|
$68.99
|
11.94%
|
$69.25
|
11.53%
|
|
|
|
Sour
|
Mar-25
|
$78.60
|
$76.31
|
2.91%
|
$2.29
|
$69.94
|
12.39%
|
$70.19
|
11.99%
|
|
|
|
ESPO
|
Mar-25
|
$79.29
|
$80.03
|
-0.93%
|
-$0.74
|
$70.85
|
11.91%
|
$73.20
|
8.32%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refined Products
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
NY Heating Oil
|
Feb-25
|
$2.62
|
$2.52
|
4.05%
|
$0.10
|
$2.24
|
17.07%
|
$2.44
|
7.25%
|
|
|
|
NY Gasoline
|
Feb-25
|
$2.12
|
$2.17
|
-2.53%
|
-$0.06
|
$1.96
|
8.12%
|
$2.01
|
5.27%
|
|
|
|
GC Gasoline
|
Feb-25
|
$2.02
|
$2.07
|
-2.66%
|
-$0.06
|
$1.86
|
8.56%
|
$1.91
|
5.55%
|
|
|
|
GC Jet
|
Feb-25
|
$2.42
|
$2.42
|
-0.12%
|
$0.00
|
$2.13
|
13.58%
|
$2.29
|
5.36%
|
|
|
|
Chicago Ethanol
|
Feb-25
|
$1.75
|
$1.73
|
0.75%
|
$0.01
|
$1.60
|
9.06%
|
$1.56
|
11.86%
|
|
|
|
Rotterdam Gasoil
|
Feb-25
|
$692.44
|
$685.05
|
1.08%
|
$7.39
|
$626.51
|
10.52%
|
$671.99
|
3.04%
|
|
|
|
Singapore Jet Kero
|
Feb-25
|
$96.45
|
$94.59
|
1.97%
|
$1.86
|
$87.26
|
10.53%
|
$91.22
|
5.73%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Implied Volatilities
|
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
Henry Hub Straddle
|
Mar-25
|
72.07%
|
67.42%
|
6.90%
|
4.65%
|
62.15%
|
15.96%
|
52.87%
|
36.32%
|
|
|
|
Algonquin Straddle
|
Mar-25
|
101.44%
|
109.31%
|
-7.20%
|
-7.87%
|
98.22%
|
3.28%
|
66.98%
|
51.45%
|
|
|
|
Waha Straddle
|
Mar-25
|
148.35%
|
160.57%
|
-7.61%
|
-12.22%
|
193.18%
|
-23.21%
|
58.36%
|
154.20%
|
|
|
|
Chicago Straddle
|
Mar-25
|
79.63%
|
79.40%
|
0.29%
|
0.23%
|
74.35%
|
7.10%
|
55.61%
|
43.19%
|
|
|
|
PJM West Straddle
|
Mar-25
|
58.58%
|
58.06%
|
0.90%
|
0.52%
|
56.80%
|
3.13%
|
36.36%
|
61.11%
|
|
|
|
SP – 15 Straddle
|
Mar-25
|
259.86%
|
258.85%
|
0.39%
|
1.01%
|
220.15%
|
18.04%
|
15.74%
|
1550.95%
|
|
|
|
Mid. C Straddle
|
Mar-25
|
45.90%
|
41.66%
|
10.18%
|
4.24%
|
31.43%
|
46.04%
|
63.71%
|
-27.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Euro Gas and Power/LNG
|
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
Dutch TTF
|
Mar-25
|
EUR 46.49
|
EUR 47.10
|
-1.30%
|
-EUR 0.61
|
EUR 42.18
|
10.21%
|
EUR 33.20
|
40.04%
|
|
|
|
NBP
|
Mar-25
|
GBP 115.70
|
GBP 117.34
|
-1.40%
|
-GBP 1.65
|
GBP 103.95
|
11.30%
|
GBP 87.18
|
32.71%
|
|
|
|
German Base
|
Mar-25
|
EUR 89.61
|
EUR 91.62
|
-2.19%
|
-EUR 2.01
|
EUR 86.78
|
3.26%
|
EUR 83.93
|
6.76%
|
|
|
|
UK Base
|
Mar-25
|
GBP 93.15
|
GBP 92.86
|
0.32%
|
GBP 0.30
|
GBP 81.50
|
14.29%
|
GBP 79.09
|
17.78%
|
|
|
|
French Base
|
Mar-25
|
EUR 74.98
|
EUR 80.46
|
-6.81%
|
-EUR 5.48
|
EUR 74.71
|
0.36%
|
EUR 85.91
|
-12.72%
|
|
|
|
Italian Base
|
Mar-25
|
EUR 128.99
|
EUR 130.39
|
-1.07%
|
-EUR 1.40
|
EUR 116.24
|
10.97%
|
EUR 99.56
|
29.56%
|
|
|
|
JKM LNG
|
Mar-25
|
$13.87
|
$14.12
|
-1.76%
|
-$0.25
|
$13.00
|
6.68%
|
$12.57
|
10.36%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freight Forwards (WET & DRY)
|
|
OTCGH/EOXLive Market Data
|
|
|
|
|
Contract
|
1/16/25
|
1/15/25
|
% Change
|
Change
|
12/17/24
|
% Change
|
1/18/24
|
% Change
|
|
|
|
TD3C FFA Middle East to China (WET)
|
Mar-25
|
$46.49
|
$47.10
|
-1.30%
|
-$0.61
|
$42.18
|
10.21%
|
$33.20
|
40.04%
|
|
|
|
USGC-UK Continent Dirty (WET)
|
Mar-25
|
$115.70
|
$117.34
|
-1.40%
|
-$1.65
|
$103.95
|
11.30%
|
$87.18
|
32.71%
|
|
|
|
TD20 West Africa to UK Continent (WET)
|
Mar-25
|
$89.61
|
$91.62
|
-2.19%
|
-$2.01
|
$86.78
|
3.26%
|
$83.93
|
6.76%
|
|
|
|
LPG FFA Middle East Gulf to East (WET)
|
Mar-25
|
$93.15
|
$92.86
|
0.32%
|
$0.30
|
$81.50
|
14.29%
|
$79.09
|
17.78%
|
|
|
|
TC5 FFA Arabian Gulf to Japan (WET)
|
Mar-25
|
$74.98
|
$80.46
|
-6.81%
|
-$5.48
|
$74.71
|
0.36%
|
$85.91
|
-12.72%
|
|
|
|
Supramax Timecharter (DRY)
|
Mar-25
|
$128.99
|
$130.39
|
-1.07%
|
-$1.40
|
$116.24
|
10.97%
|
$99.56
|
29.56%
|
|
|
|
Capesize Timecharter (DRY)
|
Mar-25
|
$13.87
|
$14.12
|
-1.76%
|
-$0.25
|
$13.00
|
6.68%
|
$12.57
|
10.36%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooling Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/11/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Middle Atlantic
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
E N Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
W N Central
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
South Atlantic
|
1
|
-7
|
-2
|
2
|
-10
|
-1
|
NA
|
NA
|
|
|
|
E S Central
|
0
|
-2
|
0
|
0
|
-3
|
0
|
NA
|
NA
|
|
|
|
W S Central
|
1
|
-2
|
1
|
1
|
-3
|
1
|
NA
|
NA
|
|
|
|
Mountain
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
Pacific
|
0
|
0
|
0
|
0
|
0
|
0
|
NA
|
NA
|
|
|
|
United States
|
0
|
-2
|
0
|
0
|
-3
|
0
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heating Degree Days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01/11/2025
|
Week Tot
|
Dev Norm
|
Dev L YR
|
Cum Tot
|
CumD Norm
|
CumD L YR
|
CumD Norm
|
CumD L YR
|
|
|
|
New England
|
291
|
11
|
46
|
2,660
|
-239
|
168
|
-8.00%
|
7.00%
|
|
|
|
Middle Atlantic
|
277
|
17
|
51
|
2,371
|
-226
|
93
|
-9.00%
|
4.00%
|
|
|
|
E N Central
|
313
|
19
|
79
|
2,532
|
-399
|
79
|
-14.00%
|
3.00%
|
|
|
|
W N Central
|
341
|
24
|
67
|
2,693
|
-497
|
97
|
-16.00%
|
4.00%
|
|
|
|
South Atlantic
|
188
|
43
|
60
|
1,200
|
-110
|
24
|
-8.00%
|
2.00%
|
|
|
|
E S Central
|
237
|
50
|
67
|
1,447
|
-256
|
-40
|
-15.00%
|
-3.00%
|
|
|
|
W S Central
|
186
|
49
|
59
|
842
|
-277
|
-182
|
-25.00%
|
-18.00%
|
|
|
|
Mountain
|
228
|
8
|
-24
|
2,143
|
-349
|
-76
|
-14.00%
|
-3.00%
|
|
|
|
Pacific
|
108
|
-24
|
-47
|
1,270
|
-191
|
18
|
-13.00%
|
1.00%
|
|
|
|
United States
|
229
|
21
|
40
|
1,804
|
-260
|
20
|
-13.00%
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gas * Power * NGL * Crude * Products * Vol * Freight * Spreads – Charts
|
|
Weather Forecast & Seasonal Outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
